Jail for Singaporean man, the ‘second in command’ of illegal operation of cross-border crypto transactions


On June 26, Javiour Chia Kit Hou, whom the prosecution described as the second in command, was sentenced to 10 months’ jail. -- ST PHOTO: KELVIN CHNG

SINGAPORE (The Straits Times/ANN): From its premises in Geylang, a team operated an illegal business buying and selling large amounts of foreign currency and cryptocurrency.

Between Feb 1 and 23, 2023, the team provided cross-border money transfer services involving Singapore and foreign currencies of at least $35 million in value over no fewer than 430 transactions.

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